Business

The race to create a self-driving taxi fleet just took a bizarre turn with a $1 billion bet on Lyft led by Alphabet

11 monthes ago   |   By

Business Insider/Corey Protin
CapitalG, Alphabet's investment arm, led a $1 billion funding round in Lyft.
Alphabet has forged a close relationship with Lyft on self-driving cars as its pre-existing relationship with Uber has soured.
The funding round highlights the intense battle to get self-driving cars on the road.
Google is having a very public breakup with Uber.
Google Ventures in 2013 poured $258 million into Uber - an investment that's now worth more than $3.5 billion. But the relationship has long since soured and now Google's parent company, Alphabet, is preparing to reap the...
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Alphabet Definitively Ends Friendship With Uber, Welcomes New Best Friend Lyft

Alphabet Definitively Ends Friendship With Uber, Welcomes New Best Friend Lyft

11 monthes ago   |   By

Lyft announced today that Alphabet's investment arm CapitalG-formerly known as Google Capital-led a $1 billion investment round in the ride-sharing company.
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